[size=36]Central Bank: This year will witness a great development in the banking sector and the electronic payment process[/size]
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The Central Bank announced, on Saturday, that the current year will witness a "big, remarkable and tangible" development in the banking sector, while confirming the existence of a clear commitment in the anti-money laundering law.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, that "the banking sector is witnessing clear reforms that started with the pressure of external transfers," noting that "we are continuing reforms at all levels, and there is a reform in electronic payment." , according to the official agency.
He added, "The state's orientation in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank continues in the reform process with these challenges that direct public and private banks that have an important role." in meeting the needs of the banking sector.
And he continued, "The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law for Financing Terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a basic pillar in any economic development and growth.
He pointed out that “the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process,” noting that “there are broad measures within the powers of the Central Bank, but there is also an important aspect that falls on the ground that needs legislation, and therefore the issue of the exchange rate that concerns all citizens.” Its stability is everyone's responsibility."
He stressed, "The Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank." And listen to any challenges and overcome all difficulties. Ended 29/N33